Does Social Media Influence bitcoin growth?

[Extrago]

I think social media has a great impact on bitcoin. Forums are one of these. The more people are involve in online market the more bitcoin increases its demand. Social networkers and online communities influence one another.

I completely agree. In any case any mention of bitcoin affects the rate. here it depends on the mood of the mentioning, if it's good - then there will be growth, if it's otherwise there will be a decline.

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[macartem]

Does Social Media Influence bitcoin growth?

I think that they influence, because social networks influence everything 

[Kim Domingo]

Does Social Media Influence bitcoin growth?

For me, it is a big yes. Since in our era is the biggest rise of the modern technology that almost all people all over the world do already have their social media accounts, I think it is really true that social media was playing a big role in influencing people to go beyond engaging into Bitcoin that leads to its massive growth when it comes to demands as a result of the continuous growth happening in the total number of Bitcoin users that have been joined together to support it. Also, social media was an easy access platform for everyone so it is really a yes

[Anyobsss]

Yes. Social media is affecting bitcoin greatly. Since there are advertisements regarding bitcoin. There are also groups and pages that are created by bitcoin users. Therefore, if people see it on their facebook newsfeed, some may get intrigued and learn some about it. And who knows, they may even become users.

According to statistics, it is estimated that there are around 2.77 billion social media users worldwide. Numerous Advertisement and articles regarding bitcoins came out last year when its price is booming therefore, an article or advertisement will be viewed by 2.77 billion social media users. With that being said, we can say that social media indeed affected bitcoin greatly by gaining it popularity.

[dietmarfritz59]

Does Social Media Influence bitcoin growth?

Yes, I definitely think this effects it! With good or bad news on social media, it will sway if people buy or sell. If the news is true or not it will sway many peoples opinions on the market at that time.

[AldenGreen]

Social media giants play a significant role bridging knowledge to one place to another and not accident some share referral link from faucets and cloud mining bitcoin or simply share links on how to build your first mining software. It is in social media that i first heard of bitcoin and the rest is history.

[missyqt29]

Does Social Media Influence bitcoin growth?

Advertisement plays a great role in any new innovation just like bitcoin and cryptocurrency as a whole. This present day, the easiest and most effective kind of advertising is through social media. It allowed the public to access information and updated news of bitcoin that contributed greatly to its growth.

[Rodon]

Yes of course: social media are the best advertising for Bitcoin, so it allows to attract a lot of people to discover and use Bitcoin.

[Danglen1010]

Social mediashave a great part of spreading the news about Bitcoin. A lot of Bitcoin enthusiasts tend to post something about bitcoin that triggers the curiosity of others.

[Zyborg]

Yup social media greatly influence BTC growth.Many debate,group discussions,seminars,conference are being conducted on TV,internet,to promote BTC.Many people exchanged views in favor of BTC,described pros and cons of BTC,discovered trading way in BTC,motivated people to invest in BTC by different activities,Also many critics considered BTC as a bubble which may blew up in coming future and all the investment would go wasted.As a comparison people took BTC in a positive way regardless of the consequences and now they are satisfied that that took a wise decision.This led to tremendous growth in BTC and also in its price.

[uinu]

I think it will affect the social media because it will change the public perception of Bitcoin, thus affecting his market price.

[cerebro415]

The question of whether or not the social media influences the growth of the bitcoin, including all aspects of the crypto realm itself, like value and stability as well as the semi-dependent-independent economy it is in and currently molding, can be considered as a fact and not a question. The bitcoin is an expression of the value of anything and everything that has something to do with the internet itself in its entirety, this means that any activity, industry, as well as the huge to small internet-content providers, which includes the social medias, has a direct as well as an indirect influence on the growth of the bitcoin including other cryptocurrencies. As most already know, the coin itself is a digital footprint of the internet and internet activity. Thus, content providers such as the social media invite internet activity. Similar to the process of advertisement, whether it be a direct advertisement or an indirect one, wherein the advertisement platform itself is the entire network which includes the social media sites. When it comes to the influence on the value itself, similar to the pharmaceutical industry, if one is to buy a paracetamol that is branded rather than purchasing one that is generic, the persons needs to pay more, although both is constituted by the same chemicals, the branded one is more expensive, and this is because of the direct and indirect influence of advertisement. The latter, depicts the influence of direct and indirect advertisement on any merchandise or any item related to a product (including currency), and as a result growth can take place, again it be among any of the aspects if not all, like value, price, market the industry it belongs to as a whole.

[ariakoli23]

I get the first news of Bitcoin from social media. An article was written on about someting positve and some threat for global economy. Then my curisity increase to know about Bitcoin. I think Social Media influence a lot for Bitcoin growth.

[buhuchain]

This is of course as social media has a particularly large influence and a particularly wide range of influence, which will affect the social reputation of Bitcoin.

[SimpsonPeter]

I think so, if the media keeps spreading bad news about bitcoin.
That would lead to a drop in the price of bitcoins.

[ChConcept]

Definitely, Social media one of the best tools in digital marketing world. It helps us reach, encourage and influence a variety of people from different parts of the world. It has been our avenue to educate, inspire and share our Bitcoin stories that led to our community's growth.

[abutingting]

Absolutely. Through social media information about Bitcoin will spread and while it is being known by many they will continually learn and be knowledgeable about it and that it is for sure a way that Bitcoin growth is positive.

[hxk451]

Does Social Media Influence bitcoin growth?

Yes social media significantly impact the Growth of BTC. Because of the ascent of social media clients can be utilized for socialization about BTC. Social media is the most proficient place to give information including BTC definitely this can make BTC become greater.

[CowboyKiller]

Definitely, Social media one of the best tools in digital marketing world. It helps us reach, encourage and influence a variety of people from different parts of the world. It has been our avenue to educate, inspire and share our Bitcoin stories that led to our community's growth.

Social Media is the needed tool for marketing, why do we not use it to help Bitcoin grow more, haha? I think it is very neccessary and important to help others know Bitcoin as soon as possible. Then, the Bitcoin value will be automatic increases by the new users.

[kioicoin]

I get the first news of Bitcoin from social media. An article was written on about someting positve and some threat for global economy. Then my curisity increase to know about Bitcoin. I think Social Media influence a lot for Bitcoin growth.

I think social media will affect the bitcoin's ups and downs. The media as a media, it allows me to understand bitcoin from different sources, and promote the growth of bitcoin. On the other hand, because of the existence of the media, some national policies have been disseminated, causing panic about bitcoin.